Skip to content

Archive for June 2019

LPR Staging – Faster Recoveries, Higher Yields and Lower Costs

Over the past several years, the use of LPR technology has had a huge impact on auto recovery rates.  As the use of LPR has grown, lenders, forwarders and agents have gotten progressively better in using the data to improve performance and efficiency.   However, there is still one strategy for optimizing the use of…

Read More

22 Repo Industry Statistics, Trends & Analysis

Repo Industry Statistics

Article from:   The repo industry is involved in the business of repossession. When consumers default on a loan, such as a car loan, then a lien on that item can be activated. The consumer can be ordered to turn the product over because of the lien. Most owners refuse to do so. That’s…

Read More

Utilization of Impound Services – Survey of Lender Practices

impound poll image

Sponsored by: LinkedIn Group “Lenders Repossession Best Practices Forum” Powered by: ALS Resolvion   We asked over 3000 auto finance and lending professionals to participate in a quick survey about impound services and how it’s used for repossessions. We’ve complied the results and hope you find it very interesting. The responses are segmented by institution…

Read More

Managing Risk: Understanding Your Service Providers’ Insurance Coverages

repossession insurance

There are few actions that a lender takes that has more potential for legal claims than a vehicle or collateral repossession. Ensuring that your service providers have the right types and amounts of insurance coverage is critical to managing the risk.  While your contracts may be clear that the service provider indemnifies your institution in…

Read More

Repo Assignment Management Strategy – A Summary of Best Practices

repossession management

As one of the largest repossession management firms in the country, we work with most of the largest auto lenders in the country.  Doing so has given us deep insight into the strategies deployed by different lenders.   With many leading lenders, this strategy has been highly refined over the years and is constantly being tweaked…

Read More

Scott Darling Joins ALS Resolvion As Chief Operating Officer

Scott Darling Joins as COO

Charlotte, NC, June 03, 2019 – ALS Resolvion, a leading provider of skip tracing and repossession management services, announced today that Scott Darling has joined the company as Chief Operating Officer. Darling joins ALS Resolvion with over 20 years of experience in loss mitigation, collections, and back office operations.  He previously served as SVP at…

Read More